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in Vaultz Business

Government Urged To Develop Plans For Restructuring The Ghanaian Economy

Maynard Championby Maynard Champion
June 17, 2023
Reading Time: 2 mins read
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Government Urged To Develop Plans For Restructuring The Ghanaian Economy

Dr. K.Y Amoako, President and Founder, African Centre for Eco­nomic Transfor­mation (ACET)

The President and Founder, African Centre for Eco­nomic Transfor­mation (ACET), Dr. K.Y Amoako, has urged the government to develop and launch economic transformation initiatives for Ghana.

According to him, the two and a half decades between 2025 and 2050 would continue to remain a critical moments for the transformation of Ghana.

Dr. Amoako, who made the observation during the 5th Made in Africa Leadership conference, a Pan-Af­rican leadership enhancement con­ference for African leaders, said 2025 would mark the beginning of the second quarter of the 21st century and the period the new government would assume power in the country.

The two-day event, organised by the Breakfast Club Africa (BCA) Leadership on the theme ‘Making Africa work for Africans: collaborations and partnerships’, was attended by Chief Executive Officers, Managing Directors and captains of industry from about 19 countries.

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Dr. Amoako, who spent many years working with the World Bank and UN, claimed that Ghana had accomplished a lot and was a leader in Pan-Africanism and the unification of Africa.

He acknowledged that there was still much to be done to combat poverty and advance the nation’s socioeconomic development.

ACET Initiate Strategies To Help Transform Ghanaian Economy

According to Dr. Amoako, in line with the development agenda of Ghana for the next 25 years, the ACET had developed a programme to seek the inputs of the various political parties and stakeholders on the social, political and economic policies of the country.

Dubbed Compact with Ghana, Dr Amoako said the programme was to engage the various political actors and stakeholders to seek their views on policies for the development of the country.

More so, as stated by Dr. Amoako, for Africa to become a united and successful continent, its economies must undergo significant social, political, and economic change.

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To advance the development of the African continent, he called for effective and transformative leadership.

Charity Lumpa Board Chair of BCA Leadership giving the opening remarks at MLC 2023
Madam Charity Chanda Lumpa

Speaking on leadership, BCA Leadership Board Chairperson Madam Charity Chanda Lumpa said it was essential for the growth of Africa and that good leadership requires patience and adaptability.

Ending her speech, she disclosed that leaders shouldn’t be autocratic and should be able to comprehend and empathize with the needs and emotions of their staff members.

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Read also: 2024 Africa Prosperity Dialogues to be launched on June 18 in Accra

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Tags: African Centre for Eco­nomic Transfor­mation (ACET)Breakfast Club Africa (BCA) LeadershipDr K.Y AmoakoMadam Charity Chanda LumpaWorld Bank
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